GMA, AMI Urge an End to Ethanol Subsidies

WASHINGTON — A 30-year-old tax credit and protective tariff that benefits
ethanol producers will expire at the end of 2010. Citing a Congressional
Budget Office report which indicates that using ethanol to reduce gasoline
consumption by one gallon costs U.S. taxpayers $1.78, a diverse group of
food industry leaders, environmental activists and tax activists have called
on Congress not to renew the tax-credit program when it expires at the end
of the year.

WASHINGTON — A 30-year-old tax credit and protective tariff that benefits ethanol producers will expire at the end of 2010. Citing a Congressional Budget Office report which indicates that using ethanol to reduce gasoline consumption by one gallon costs U.S. taxpayers $1.78, a diverse group of food industry leaders, environmental activists and tax activists have called on Congress not to renew the tax-credit program when it expires at the end of the year.